Whitney Wang & Nancy Tassone Facilitate $3.4M Condo Sale On West Superior Street, Chicago
SOLD
$3,400,000
Illinois
See Similar DealsCondo3,218 SF
Sold 04/30/2024
SOLD
Whitney Wang & Nancy Tassone Facilitate $3.4M Condo Sale On West Superior Street, Chicago
14 West Superior Street
See Similar DealsCondo3,218 SF
Sold 04/30/2024
Summary
ILLINOIS
Asset Type:Condo
Price Per Square Foot:$1,056
Total Square Footage:3,218 SF
Transaction Type:Sale
The condo located at 14 West Superior Street in Chicago was sold by JDL Development to an undisclosed buyer for $3,400,000. The property spans 3,218 square feet, resulting in a price per square foot of $1,057.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,400,000
- Address: 14 West Superior Street
- Market: Chicago
- Buyer's Rep: Whitney Wang - Prospect Equities Real Estate
- Seller's Rep: Nancy Tassone - Sotheby's International Realty
Whitney Wang of Prospect Equities Real Estate represented the buyer in this transaction, while Nancy Tassone of Sotheby's International Realty represented the seller, JDL Development, in the sale of the condo at 14 West Superior Street.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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